Tax Filing Info

Receive the maximum tax deduction when you donate to one of our IRS recognized 501 (c)(3) charities or your favorite charity or church. Thousands of donors have taken advantage of the tax saving benefits of donating a car or vehicle through Cars Helping Charities.

Allowable IRS Charitable Tax Deduction:

If the vehicle is sold for less than $500 you can claim the fair market value of your vehicle up to $500 or the amount it is sold for if less than fair market value.

If the vehicle sells for more than $500, you can claim the exact amount for which the vehicle is sold.

You will receive a receipt at the time your car or vehicle is sold (typically within 30 days) stating the exact amount of the sale.

Frequently Asked Car Donation Questions:

What date will be reflected on my tax deductible car donation receipt?
A: The date you called or submitted a donation form request online

Can I receive a tax deduction for a car or vehicle that is not running or inoperable?
A: Yes. Even cars and vehicles that don’t run or are inoperable are of value to charity. IRS regulations allow the donor to determine the fair market value up to $500

Does it effect my tax deduction if I accept a vacation package as an incentive for donating my car or vehicle?
A: Yes. The fair market value of the incentive must be deducted from the car donation tax deduction amount

Am I required to complete and submit IRS Form 1098-c?
A: No. Simply attach the Cars Helping Charities tax deductible receipt that you received for your car or vehicle donation to your tax return documents